> Households that bring in more than $135,000 a year recoup in points or perks around 0.6 percentage points of the interchange fees they pay.
This is bizarre to me. When the Citibank Double Cash credit card exists for no annual fee and pays 2% back...
why does anyone ever use any card that provides less? The only cards I use besides that one are the ones that give me 3% or 5% back in special categories.
The idea that people average only 0.6% back is absurd to me. Am I missing something here?
And we're not talking college students here with no credit history. This is households making more than $135K a year. Are people just not bothering to pick up free money?
This is bizarre to me. When the Citibank Double Cash credit card exists for no annual fee and pays 2% back...
why does anyone ever use any card that provides less? The only cards I use besides that one are the ones that give me 3% or 5% back in special categories.
The idea that people average only 0.6% back is absurd to me. Am I missing something here?
And we're not talking college students here with no credit history. This is households making more than $135K a year. Are people just not bothering to pick up free money?